Amazon buys MGM for $ 8.45 billion

Amazon buys MGM for $ 8.45 billion

For some time now, there have been rumors of Amazon's intention to merge with MGM. Well, now it's official. The e-commerce giant has signed a definitive merger deal with MGM for $ 8.45 billion to help preserve MGM's heritage and film catalog and provide customers with greater access to these existing works .

To subscribe to the Amazon Prime Video streaming service, also taking advantage of the 30-day trial, you can use this link.

The agreement between Amazon and MGM

For those unfamiliar with MGM this is the abbreviation for Metro-Goldwyn-Mayer, a historic private film production company in the United States of America born in 1924 under the leadership of Louis B. Mayer, which quickly became the leading Hollywood studio. To give you an idea of ​​the great purchase that Amazon has made, suffice it to say that MGM has the largest cinematic library in the world with over 4,100 titles, more than 10,400 episodes of television series not to mention that it has won 208 Oscars. Among the historical series produced by MGM we have the Oscar blockbuster Gone With the Wind and the musical The Wizard of Oz (The Wizard of Oz), Tom & Jerry, the whole James Bond franchise, Doctor Živago ( Doctor Zhivago, 1965), Four Weddings and a Funeral (1994) and The Iron Mask (1998).

This Amazon operation is probably his most important operation after buying Whole Foods for 13, 7 billion dollars. Now, the exact status of the deal is confidential, but the Wall Street Journal tells us the final deal could be announced even within the weekend.

What the e-commerce giant is probably hoping for is that the catalog of films it will bring home after its merger with MGM will help it bolster its streaming presence, given that its original programming has focused on producing TV shows such as The Boys, Invincible, Lord of the Rings and The Wheel of Time.

Mike Hopkins, senior vice president of Prime Video and Amazon Studios said:

“ MGM has an extensive catalog of over 4,000 films. the true financial value of this agreement is the intellectual property treasure of the catalog. "

Kevin Ulrich, chairman of MGM's board of directors added:

"The opportunity to align MGM's story with Amazon is inspiring."

This contract would bring to Amazon Prime Video sagas like that of Rocky and The Hobbit and TV series like Fargo and The Handmaid’s Tale, not to mention that Amazon would control the entire James Bond franchise. And at this point a question arises spontaneously and concerns the distribution of No Time to Die, the last chapter of the agent 007 saga. Will the film be released only in streaming on Prime Video or also in theaters?

To subscribe to the Amazon Prime Video streaming service, also taking advantage of the 30-day trial, you can use this link.

If you are passionate about James Bond we recommend purchasing the collector's box available on Amazon!

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